Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from TPG Telecom Limited ( (AU:TPG) ) is now available.
Fitch Ratings has assigned TPG Telecom Limited a ‘BBB’ Long-Term Issuer Default Rating with a Stable Outlook, reflecting its competitive market position and solid financial standing. The rating considers TPG’s reduced leverage following the sale of its enterprise, government, and wholesale fixed business to Vocus Group Limited, with expectations of maintaining a strong financial position through reduced debt and improved cash flow, benefiting stakeholders and reinforcing its market presence.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited is a major player in the Australian telecommunications industry, serving as the third-largest mobile operator and the second-largest fixed broadband provider in the country. The company has a strong financial profile, bolstered by strategic divestments and a focus on consumer services.
Average Trading Volume: 1,410,417
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$9.54B
Learn more about TPG stock on TipRanks’ Stock Analysis page.